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Discovery Project

Resources

Category Tonnes Grade (g/t) Gold Ounces
   Measured 3,109 8.95 895
   Indicated 1,278,973 5.74 236,180
   Inferred 1,545,500 5.93 294,473
  1. The independent and Qualified Persons for the Mineral Resource estimates as defined by Regulations 43-101 is Carl Pelletier, B.Sc., P. Geo., of InnovExplo Inc..  The effective date of the estimate is June 17, 2008.
  2. Mineral Resources, having demonstrated economic viability, are not Mineral Reserves.
  3. Results are presented undiluted and in situ.  The estimate included six (6) gold-bearing zones (“A”, “B”, “C”. “E”, “20” and “30”) and covers the Discovery Project area between sections 1+00E to 9+00W and 4+50E to 15+00E.
  4. The resources were compiled using a cut-off grade of 3.0 g/t Au.  This cut-off must be re-evaluated in light of present market conditions (gold price, exchange rate and mining cost).  A fixed density of 2.82 g/cm³ was used.  A minimum of 1.6 m horizontal width was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.  High grade capping was done on the raw data and established at 35.0 g/t Au.  Drill hole compositing was not done.  Resources were evaluated from drill hole results using a polygonal on longitudinal approach.
  5. Calculations used metric units (metre, tonnes and g/t Au).
  6. The company is not aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Resource estimates.

Source: NI-43101 Technical Report, Discovery Project, Innov Explo Inc., August 1, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 
 

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